Danny Shelton's
July 2006 Financial Affidavit

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The accounting of 3ABN appears to be off limits to nearly everyone. That is unfortunate, for it makes it extremely difficult to demonstrate that various allegations of financial improprieties are simply untrue. Yet the following affidavit is one piece of financial information that is fairly accessible, having been filed at the Franklin County Circuit Court in July 2006.

For the significance of the following information, please see "Comments."

IN THE CIRCUIT COURT OF THE SECOND JUDICIAL CIRCUIT FRANKLIN COUNTY, ILLINOIS IN RE: THE MARRIAGE OF LINDA SUE SHELTON, Petitioner, vs. DANNY LEE SHELTON, Respondent. ) ) ) ) ) ) ) ) ) ) ) No. 05-D-30 FINANCIAL AFFIDAVIT X   Pre-Judgment                   X   Post-Judgment I. INTRODUCTION I, Danny L. Shelton, on oath state that my present age is 55, and that: (b)     (POST-JUDGMENT ONLY):     The marriage of the parties was dissolved on June 25, 2004. [The following portion of this web page was left out of the Exhibit 2 that was attached to the Memorandum in Support of Plaintiffs' Ex Parte Motion for Preliminary Impoundment. How then could the Court determine whether Defendants Pickle and Joy had defamed Danny's character, or whether they instead had a sound basis for suggesting that Danny may have failed to disclose all his assets?—Save3ABN.com.] [-2-] II. PARTIES AND CHILDREN HUSBAND       WIFE Name: Danny L. Shelton Name:   Address: 2954 New Lake Rd. Address:     West Frankfort, IL 62896     Soc. Sec. #: xxx-xx-xxxx Soc. Sec. #:   Date of Birth:   xx/xx/51     Age: 55 Date of Birth:                  Age:        Employer: Three Angels Broadcasting Employer:   Occupation: Television Occupation:   CHILDREN NAME   Date of Birth   Age   With Whom Residing N/A                       IMPORTANT-     Attach most recent of last three months' pay stubs showing your year-to-date earnings and deductions. Also attach all pages & W-2 Forms of your last filed Federal and State Income Tax Returns. For those individuals who receive any income from self-employment sources, attach Federal and State Income Tax Returns for the last two years and supporting documentation for year-to-date earnings. III. STATEMENT OF INCOME HUSBAND     WIFE GROSS MONTHLY INCOME from: Salary, wages, commissions, bonuses, allowances & overtime (NOTE: To arrive at gross monthly income multiply weekly gross by 52 and divide by 12, or multiply bi-weekly income by 26 and divide by 12) $5,991.00 $ [-3-] III. STATEMENT OF INCOME (CONT.) Pension or retirement $     $ Social Security benefits $ $ Disability or unemployment benefits $ $ Public aid (ADC–Welfare) $ $ Child support from prior marriage (alimony) $ $ Rents $ $ Other Income (specify): $ $ $ $   TOTAL GROSS MONTHLY INCOME   $5,991.00 $   DEDUCTIONS:   Federal income tax withheld $1,035.00 $ State income tax withheld $175.00 $ Social Security and Medicare withheld $458.00 $ Medical or other health-related insurance $     $ Union dues/mandatory retirement contributions $     $ Dependent and individual health/hospital insurance premiums $     $ Prior Court ordered support and/or maintenance, actually paid pursuant to a Court Order $     $ Other deductions permitted by 750 ILCS §505(a)(3)(h) – (specify): $   $ $   $   TOTAL NET MONTHLY INCOME   $4,323.00   $ [-4-] IV. ESTIMATED MONTHLY EXPENSES (* mark if a projected expense – Affiant must be prepared to submit testimony to support the same) HOUSEHOLD:   House payment (interest) See page 10, Art. VII Repair and upkeep   $150.00   Housekeeper and yard work $50.00 Homeowners insurance $70.83 Real estate taxes (not included in house payment) $450.00 Other (specify): $ $   SUBTOTAL       $720.83 UTILITIES:   Electricity $175.00 Gas/Heating oil $25.00 Water and sewer $25.00 Telephone $65.00 Trash removal $50.00 Cable TV -     Other (specify): Internet $20.00 $ $   SUBTOTAL       $360.00 [-5-] IV. ESTIMATED MONTHLY EXPENSES (CONT.) FOOD: Food, milk, household supplies      $550.00   School lunches $ Meals outside home   $150.00 Other (specify): $ $   SUBTOTAL       $700.00 CLOTHING: Clothing (self)   $150.00   Clothing (children) $ Laundry & dry cleaning   $50.00 Other (specify): $   SUBTOTAL       $200.00 MEDICAL CARE (after insurance reimbursement): Doctor & dentist (self) $ Drugs & medical supplies (self) $ Doctor & dentist (children) $ Drugs & medical supplies (children) $ Medical and dental insurance $     (Do not list if already listed in III on page 3 as a deduction from gross income) Other (specify): $ [-6-] IV. ESTIMATED MONTHLY EXPENSES (CONT.) TRANSPORTATION: Truck payment      $463.00   Repair & maintenance   $25.00 Gas & oil   $150.00 Insurance   $100.00 License and registration   $8.00 Bus fare/parking $ Other (specify): $ $   SUBTOTAL       $746.00 MISCELLANEOUS:   CHILD YOURS Child care/babysitter   $ School & school supplies $ $ Church/charitable contributions     $500.00   Newspapers, magazines & books   $ Barber/beauty shop $ $ Life insurance premiums   $ Disability insurance premiums   $ Professional dues   $ Voluntary retirement contributions   $ Allowance (children's) $ Recreation/entertainment $ $ Family pets (horses and dogs)     $612.47   Family gifts     $200.00   Toiletries $ $     SUBTOTAL     $ $1,312.47 [-7-] IV. ESTIMATED MONTHLY EXPENSES (CONT.) CREDITOR PAYMENTS NOT PREVIOUSLY LISTED: Monthly installment payments (credit cards):       $   $   $   $   $ Others (specify):     $   $   $   $ SUBTOTAL           $0.00 TOTAL AVERAGE MONTHLY EXPENSES: $4,039.30 V. RECAP NET MONTHLY INCOME $4,323.00 TOTAL MONTHLY LIVING EXPENSES $4,039.30 DIFFERENCE BETWEEN NET INCOME & EXPENSES $283.70 LESS MONTHLY DEBT SERVICE $   INCOME AVAILABLE PER MONTH $283.70 [-8-] VI. ASSETS     (Designate each non-marital asset as "NM") REAL ESTATE:  DESCRIPTION   LOCATION   PRESENT VALUE   HOW TITLE HELD Residence 2954 New Lake Rd. West Frankfort, IL $275,000.00 Danny MOTOR VEHICLES:  DESCRIPTION (Year, make and model)   PRESENT VALUE   HOW TITLE HELD 2006 Dodge Ram truck (post-divorce) $25,000.00 Danny 1948 Willys Jeepster $8,500.00   Jon boat, motor and trailer $500.00   Horse trailer $750.00   CASH AND FINANCIAL ACCOUNTS: (Banks, savings and loans, and credit unions)  DESCRIPTION   LOCATION   PRESENT VALUE   HOW TITLE HELD Checking account Mid-Country $1,500.00 Danny Saving account Mid-Country $1,000.00 Danny                                 [-9-] VI. ASSETS (CONT.) INVESTMENTS: (Stocks, bonds and other securities)  DESCRIPTION   LOCATION   PRESENT VALUE   HOW TITLE HELD None                                         RETIREMENT ACCOUNTS:  TYPE   COMPANY CONTRIBUTORY/ NON-CONTRIBUTORY PRESENT VALUE None           $        $  LIFE INSURANCE:  TYPE   COMPANY   AMOUNT COVERAGE   BENEFICIARY CASH SURR. VALUE None               $            $  [-10-] VI. ASSETS (CONT.) HOUSEHOLD GOODS, APPLIANCES AND ALL OTHER PROPERTY NOT PREVIOUSLY LISTED:  DESCRIPTION PURPOSE PRESENT VALUE HOW TITLE HELD Marital property Denny received: Bowflex exercise machine Stove 2 Refrigerators Dishwasher 2 Freezers Master bedroom set Downstairs bedroom set Old outside lawn furniture 10 Horses + 2 horses sold 1 Martin guitar 1 Dog West Frankfort, IL Same Same  $17,750.00  $9,000.00  $600.00  ($4,500.00) VII. DEBTS     (Designate each non-marital debt as "NM")  NAME OF CREDITOR   PURPOSE   BALANCE   MONTHLY PAYMENT Merlin Fharli Mortgage loan $200,000.00 ann. interest Citizen's Bank Truck loan ~ $10,000.00 $463.00                                                 [-11-] VERIFICATION BY CERTIFICATION         Under penalties as provided by law pursuant to Section 1-109 of the Code of Civil Procedure, the undersigned certifies that the statements set forth in this instrument are true and correct, except as to matters therein stated to be on information and belief, and as to such matters the undersigned certifies as aforesaid that he verily believes the same to be true.         DATED:                 7/13               , 2006.